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Drye's Garage 347 Wilshire Ave SW 1,840 SF Retail Building Concord, NC 28025 $695,000 ($377.72/SF) 7.19% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High traffic area
  • Site flexibility with C2 zoning
  • Established business and real estate included.
  • Existing Business and Real Estate Included

EXECUTIVE SUMMARY

This mostly turnkey auto repair and service shop represents an exceptional opportunity in North Carolina's thriving automotive market. Operating continuously for years, this well-established business has built a solid foundation with documented customer relationships and proven revenue history. Growth Potential: The business currently operates with minimal staffing, creating immediate opportunity for revenue expansion through additional technicians and extended service hours. The established customer base and prime location provide the foundation for scaling operations. Note that NOI is an estimate provided by the seller. Reason for Sale: Owner retirement after years of successful operation. This opportunity combines real estate ownership with an established automotive service business in a market with consistent demand. The included property and turnkey nature make this an attractive investment for buyers seeking both operational income and real estate appreciation potential. Current C-2 Zoning for the City of Concord also allows for Auto Sales. This lot could be the perfect one!

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $50,000 $27.17

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $50,000
Annual Per SF $27.17

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,840 SF
Building Class
C
Year Built
1979
Price
$695,000
Price Per SF
$377.72
Cap Rate
7.19%
NOI
$50,000
Business Value
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.86 AC
Zoning
C2 - General Commercial District. C-2.

ABOUT 347 WILSHIRE AVE SW , CONCORD, NC 28025

Prime Commercial Opportunity in Concord, NC Unlock the potential of this exceptional commercial property located at 347 Wilshire Avenue SW, Concord, NC 28027. Strategically positioned in a high-traffic area just minutes from downtown Concord, this versatile property offers outstanding visibility and access, making it an ideal investment for a variety of business uses. Situated on a generously sized lot, the building features 1800 square feet of flexible interior space—perfect for office, retail, service, or light industrial use. Ample on-site parking and convenient access to major thoroughfares including I-85 make this location highly desirable for both customers and employees. Property Highlights: High-visibility location with signage potential Flexible layout suitable for multiple commercial uses Ample on-site parking and accessible entry points Zoned C2 - General Commercial Close proximity to downtown Concord, shopping, dining, and residential neighborhoods Minutes to I-85 and Hwy 601 Whether you're an owner-occupant or investor, this property presents an outstanding opportunity to establish or grow your business in one of the region’s fastest-growing markets. Don't miss your chance to secure this valuable asset in Cabarrus County’s thriving commercial corridor.

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Drye's Garage
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Drye's Garage - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5529-88-9658-0000
Land Assessment
$440,360 (2025)
Improvements Assessment
$72,870 (2025)
Total Assessment
$513,230 (2025)
  • Listing ID: 36838337

  • Date on Market: 7/20/2025

  • Last Updated:

  • Address: 347 Wilshire Ave SW, Concord, NC 28025

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